Twamev promoter entity sold 1.07% in June without telling anyone
Upendra Singh Constructions dumped 16.52 lakh shares in June; the company found out after the fact. The sale crosses the materiality threshold and deepens governance concerns at the nano-cap builder.
— 4 earlier stories on Twamev Construction And Infrastructure Ltd. →What's new
- Promoter group entity Upendra Singh Constructions sold 1.07% equity (16.52 lakh shares) in the open market in June 2026 without prior intimation.
- The sale crossed the 1% materiality threshold for nano-cap stocks, triggering automatic high importance.
- The company disclosed late through shareholding monitoring; the promoter has not yet provided trade details.
Why this matters
This is the second promoter stake-sale surprise in as many months. The first promise was never fulfilled. For a company with a fragile post-insolvency compliance profile, a secret 1%+ sale adds to regulatory risk and erodes what little governance credibility remains.
What we're watching
- Whether SEBI initiates a show-cause for late or non-disclosure prior to the sale.
- If the promoter provides trade details or confirms the sale was for MPS compliance.
- Any further promoter stake moves as the MPS deadline approaches.
The full read
Twamev Construction's promoter entity Upendra Singh Constructions just sold 1.07% of the company. It never told anyone until the compliance officer spotted the 16.52 lakh shares on exchange records. The sale crossed the materiality threshold for a nano-cap stock, putting governance squarely in focus. Hardly. It gets worse: just weeks earlier, promoter Ravi Todi promised to sell 30 lakh shares for MPS compliance and sold none, and now a sister entity sold 1.07% without advance notice, a pattern that compounds the already fragile post-insolvency compliance record at a company where the auditor recently refused to sign off on quarterly results. The filing checks the disclosure box. It does nothing for the trust problem.
Questions answered
- How much equity did the promoter entity sell and when?
- Upendra Singh Constructions sold 16,52,777 shares (1.07% equity) between June 10 and June 30, 2026, entirely in the open market.
- Was the sale pre-announced or disclosed in advance?
- No. The company only found out through routine shareholding monitoring after the fact. The promoter did not inform the company before selling.
- What regulatory threshold does this sale cross?
- At 1.07%, the sale exceeds the 1% materiality threshold for nano-cap stocks, which normally requires prior intimation. The surprise element triggers a higher governance flag.
- Does this sale help Twamev meet SEBI's minimum public shareholding?
- Yes, any promoter stake sale moves the public float closer to the 25% MPS. But the lack of advance disclosure undermines compliance credibility, especially after a prior MPS promise was not kept.
- What was the value of the stake sold?
- The filing does not disclose the sale price or total consideration.
Twamev Construction And Infrastructure Ltd.
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All notes on TICL →- 7 Jul 2026 · 2:51 PM IST Twamev promoter entity sold 1.07% in June without telling anyone
- 9d ago Twamev promoter Ravi Todi said he'd sell 30 lakh shares for MPS. He sold none.
- 21d ago Twamev promoter to offload 1.94% stake to meet SEBI MPS rule
- 42d ago Twamev posts ₹9.1 cr profit but its auditor won't stand behind the numbers
- 49d ago Twamev Construction wins ₹19 cr order from SAIL